What are the steps in the product development process?

There are eight general steps in the product development process, although many organizations decide to add or remove some of their preferences. The initial step is to generate an idea that is widely considered to be the most important part of the process. Steps two and three are screening of ideas and the development of concept in which the Fund of Ideas is streamlined and improved. The following is a business analysis and testing that examines the feasibility of the product. Technical implementation, commercialization and re -determination of prices are six to eight steps; They deal with industrial and marketing ends of the development of new products. In this step, developers take into account market requirements, product research and even business competitors to come up with a new product idea. Brainstorm sessions are extremely dynamic during at this point and can bring anywhere from zero to dozens of business ideas. Analysis of forces, weaknesses, opportunities and threats (SWOT) is often implemented to help screening. Once nThe final approval, developers will go to the third step, the development of concept and study ways to improve and build on the conceptual product.

2 In this step, research and development teams examine the possible product production costs together with the estimated sales and generational ability. This is often done along step five, testing, which includes testing the prototypes of the Both product within the company as scheduled target markets. Initial prices are usually set at this point.

If the results of business analysis and testing are favorable, businesses can switch to technical implementation. In this step, the company focuses on the production of the final product and develops work systems and technologies to guarantee adequate output and management during production. Stem seven, commercialization, follows soon and includes the launch of the product for the public. The last step of the product development process, re -determination of prices, includes a change in selling prices according to feedback and customer demand to maximize sales and profits.